Related Tenants Rent. ART has provided to Kimco an accurate list of its and its subsidiaries current tenants and, to the knowledge of Kimco, the amount of annualized rents payable to ART or to its subsidiaries by all such tenants of ART or its subsidiaries in which Kimco owns 10 percent or more of the stock or other ownership interest computed in accordance with the attribution rules of Code Section 318(a), as modified by Code Section 856(d)(5) ("Related Tenants") (such as to exclude such rents from the term "rents from real property" by reason of Section 856(d)(2)(B) of the Code) do not exceed $25,000. At the reasonable request of ART from time to time and upon receipt by Kimco of a current list of ART's and its subsidiaries tenants, Kimco will update its representation with respect to its then ownership interests (if any) in such tenants of ART or its subsidiaries and provide ART with such information concerning rents payable by Related Tenants as ART may reasonably request in connection with maintaining ART's status as a REIT.
Appears in 6 contracts
Samples: Standstill Agreement (Atlantic Realty Trust), Standstill Agreement (Kimco Realty Corp), Standstill Agreement (Atlantic Realty Trust)
